CORE CONCEPTS OF MANAGEMENT
MARKETING MANAGEMENT
FINANCIAL MANAGEMENT
HUMAN RESOURCES MANAGEMENT
OPERATIONS & PRODUCTION MANAGEMENT

The Law of Contracts
In a world dominated by commerce and trade, law makers are constantly endeavouring to fi nd ways and means of making trade transactions and agreements follow certain codes and fair practices. All managers should know what their rights and obligations are, when entering into any understanding or agreement. This lesson on contract law covers legal aspects of sales, purchases and other commercial and non-commercial transactions under Mercantile Law. It introduces the meaning of a contract, discharge of contract, breach of contract and explores remedies in the event of a breach of contract. What is a valid contract? How does one offer and accept a contract and when does a contract come to an end? All these concepts are understood without getting stuck in a quagmire of legal jargon. Landmark cases come alive. This is a lucid exposition by Dr. B K Chandrashekar, a former Professor of Law at IIMB.
CC/LAW2

25 Mins

25 Mins

50 Pages
Equivalent classroom time: 4hrs